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California-based Opus Bank forms media and entertainment banking division

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California-based Opus Bank forms media and entertainment banking division

Irvine,Calif.-based OpusBank formed a media and entertainment banking division, accordingto a March 29 news release.

The newdivision is responsible for providing capital financing and banking solutionsto clients within the television, music, digital media, broadcasting, sportsand film industries, as well as the businesses that support these industries.

Opus Bank hiredJeffrey Zaks as senior managing director and head of media and entertainment bankingto launch and lead the new division. Zaks joined OpusBank most recently from Pasadena, Calif.-based , a unit of New York-basedCIT Group Inc.